Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CEE
- CZKPLN ticks higher on Monday, currently trading slightly above the 0.19 level; ST resistance to watch on the topside stands at 0.1917.
- We previously mentioned that the risk-reward on the CZKPLN is skewed to the downside in the medium term amid slowly growing MP divergence between CNB and NBP .
- Even though momentum on the pair continues to look bullish (MT chart), investors will carefully watch the 0.1850 – 0.1855 support zone; a break below that level would indicate the start of a 'bearish' retracement and would open the door for a move down to 0.1827 (38.2% Fibo of the 0.1634 – 0.1947 range).
- Geopolitical uncertainty remains the major risk of PLN though; the recent Russian ‘default’ adds more risk for the zloty in the near term.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok